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Creating fiscal space and managing debt important – Idah Z. Pswarayi-Riddihough

Outgoing World Bank Country Director Highlights the Strengths, Opportunities and Challenges Ahead for Sri Lanka Increasing fiscal space, managing debt and furthering competitiveness and trade will be among key challenges for Sri Lanka, outgoing World Bank Country Director for Maldives, Nepal and Sri Lanka Idah Z. Pswarayi-Riddihough said. Pswarayi-Riddihough made these remarks whilst sharing her…

(0)Comments | June 29, 2020 5:41 pm

EU clarifies lifting temporary restriction on non-essential travel

The Delegation of the European Union (EU) to Sri Lanka and the EU Member States Embassies in Colombo issue the following clarification on lifting the temporary restriction on non-essential travel to the EU and reports that Sri Lanka was not included in the list of selected countries. The EU and Member States Ambassadors resident in…

(0)Comments | June 29, 2020 5:01 pm

SL must aggressively pursue privatisation of SOEs to boost its economy – Mark Mobius

Sri Lanka has to move more aggressively with privatisation of State-Owned Enterprises, which will give an incredible boost to the economy, a global investor said. “I’m very very interested in investing in Sri Lanka. So I have a very positive feeling towards Sri Lanka. I think Sri Lanka has to move more aggressively with privatisation…

(0)Comments | June 29, 2020 2:25 pm

SEC Continues Engaging With Capital Market Stakeholders

As part of its continuing efforts to reach out to market participants Mr. Viraj Dayaratne PC, Chairman of the Securities and Exchange Commission of Sri Lanka (SEC) along with other Commission Members met with representatives of the Ceylon Chamber of Commerce, Law Firms and Stockbroker Firms. These interactions were held as part of a series…

(0)Comments | June 29, 2020 1:41 pm

Gunmen attack Pakistan stock exchange building in Karachi

Gunmen attack stock exchange building in the city of Karachi, four assailants killed, police say. Gunmen have attacked the Pakistani stock exchange building in the city of Karachi, and four assailants were killed, police said. The gunmen attacked the building with grenades and guns, local media reported. The building is in a high-security zone and…

(0)Comments | June 29, 2020 11:58 am

Uber launches ‘Uber Rentals’ for multi-hour, multi-stop needs in Sri Lanka

Uber has launched its latest product offering – ‘Uber Rentals,’ a 24×7 on-demand service which allows riders to book a car and its driver for several hours with the liberty to make multiple stops along a journey, just as they would with their own car. The new service aims to provide riders a personalised experience…

(0)Comments | June 29, 2020 10:05 am

CB Implements a Credit Guarantee and Interest Subsidy Scheme for Businesses affected by the COVID-19 Pandemic

The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 26 June 2020, decided to implement a Credit Guarantee and Interest Subsidy Scheme to accelerate lending by banks to businesses adversely affected by the COVID-19 pandemic. This scheme, which will be launched on 01 July 2020, will operate in parallel…

(0)Comments | June 29, 2020 8:36 am

Dialog Axiata Powers Sri Lanka’s First Drive-in Concert

Sri Lankan singing sensations Bathiya and Santhush together with TV Derana presented Sri Lanka’s first-ever drive-in concert, powered by Dialog Axiata, which treated fans to the first LIVE music experience since the COVID-19 pandemic lockdown. The ‘BNS Drive-in Concert with Dialog’ was held at the Colombo Airport Ratmalana. Other popular artistes including Umaria, Sanuka, Wasthi…

(0)Comments | June 29, 2020 7:53 am

Zuckerberg Loses $7 Billion as Firms Boycott Facebook Ads

Bloomberg – Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising from Facebook Inc.’s network. Shares of the social media company fell 8.3% on Friday, the most in three months, after Unilever, one of the world’s largest advertisers, joined other brands in boycotting ads on the social network. Unilever said it would stop…

(0)Comments | June 28, 2020 12:59 pm

Coca-Cola says pausing social media advertising

San Francisco (AFP) – Coca-Cola, a major force in global advertising, announced Friday it would suspend ads on social media for at least 30 days, as platforms face a reckoning over how they deal with racist content. “There is no place for racism in the world and there is no place for racism on social…

(0)Comments | June 28, 2020 12:32 pm